Consider the following data that gives the quantity produced and unit price for three different goods across two different years to answer the following questions. Assume that the base year is 2015.
-What was the growth rate of real gross domestic product (GDP) between the two years?
A) 30 percent
B) 3 percent
C) 2 percent
D) 20 percent
E) 8.3 percent
Correct Answer:
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